Shares of Dish TV India will remain in focus on the bourses, as the company announced its entry into the Sri Lankan market. It informed the exchanges during closing hours of the market that Dish TV Lanka (Pvt) Ltd, its subsidiary in Sri Lanka, has been granted Satellite Television Broadcasting License by the Government of Sri Lanka to establish, operate and maintain satellite television network for the purpose of Digital Television Satellite Broadcasting.
Eyes on Coal India’s financial performance
Coal India will announce its second quarter ending September financial performance on Saturday. Coal India, the country’s fifth largest company by market capitalisation, is expected to post flat to negative growth in profits. Analysts, however, expect revenues to improve by about five per cent year-on-year on growth in realisations/ despatches. The stock is expected to react adversely, if the results fail to meet even the modest Street expectations.
L&T numbers live up to expectations
Engineering major Larsen & Toubro on Friday after market hours reported that its profit for the quarter-ended September stood at ₹1,040 crore, as against ₹978 crore it had reported in the year-ago period. The average estimate of 11 analysts polled by Thomson Reuters was ₹952 crore. Winning new orders in infrastructure, power and hydrocarbons verticals boosted L&T’s performance. Shares of the company will be in demand following the good show.
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